India has a youth bulge in its population, accounting for the largest number of young working age people in the world. This demographic dividend can be a tremendous force for economic growth if India can ride the wave. But to do so, 500 million young people need to be schooled and skilled. To make them productive, the government also needs to create 100 million jobs very quickly. If not, …
A great panic
Overextended banks crashing, leading to recession. 1873 revisited